Unless you are willing to move like OP did, primary home ownership doesn't create wealth. You have to be willing

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Apr 12, 2021
11:25:22am

molodyets Mortgage guy in all 50 states

Unless you are willing to move like OP did, primary home ownership doesn't create wealth. You have to be willing

to move to a lower COL area or downsize, or move and retain the property as a rental (which moves it out of the category of your primary residence).

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molodyets

Previous username: patches1391
Bio page: molodyets
Joined: Mar 26, 2006
Last login: May 4, 2024
Total posts: 43,239 (19,302 FO)

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Messages

Author

Time

How important is owning house? R U willing to step out of the box? Work @ home?

grandpacoug

4/12/21 11:10am

Not sure I understand what you did though.

stenso

4/12/21 11:17am

Stenso-I was retired and had owned "many rentals" before Provo. It was long time

grandpacoug

4/12/21 11:34am

You are exactly right. Historically home ownership has been the single biggest

Nat Gas Man

4/12/21 11:23am

Unless you are willing to move like OP did, primary home ownership doesn't create wealth. You have to be willing

molodyets

4/12/21 11:25am

In most home markets, FHA and VA loans will be at the bottom of the stack.

tarzan15

4/12/21 12:11pm

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